Coca-Cola Bottling says earnings rose in Q2

08/05/2014 5:01 PM

08/05/2014 5:02 PM

Second-quarter earnings rose for Charlotte-based Coca-Cola Bottling Consolidated, the company reported Tuesday.

The bottler earned $15.5 million or $1.67 per share during the second quarter of 2014, compared with $12 million or $1.29 per share during the same quarter in 2013.

Second-quarter results included expenses of $1.9 million for franchise territory expansion. In May, the bottler announced it was expanding its territory to include Morristown and Johnson City, Tenn. The move was part of an agreement involving Coca-Cola – which supplies bottlers with the concentrate used to flavor soda – and independent bottlers.

Strong sales and marketing efforts, and favorable costs for raw materials contributed to the results, chairman and CEO J. Frank Harrison III said in a statement.

“We are pleased with our second quarter, which included strong operating results and the successful transition of Johnson City and part of our planned territory expansion,” Harrison said.

The Charlotte-based bottler is the nation’s largest independent Coca-Cola bottler, with 6,500 employees in 11 states.

Editor's Choice Videos

Join the Discussion

Charlotte Observer is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere on the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Terms of Service